Latest News

2011 Performance survey reinforces differences between typical and high profit fabricators

January 12, 2012
/ Print / Reprints /
ShareMore
/ Text Size+
CLEVELAND, OH -- The Marble Institute of America (MIA) recently completed its fourth Performance Analysis Report for U.S. and Canadian natural stone fabricators. The survey was conducted in 2011 and contains an evaluation and interpretation of financial data solicited from fabricators.


cover
MIA has recently released the 2011 Performance Analysis Report for U.S. and Canadian natural stone fabricators.

 

The survey was made possible through the generous support and sponsorship of Laser Products Industries and Moraware.

Harry Hollander, Moraware's president, stated, "I'm excited about being a sponsor of the 2011 fabricator performance report. Small differences in how you run your company can make huge differences in profitability -- this survey helps you learn best practices."

Dan Louis, president of Laser Products agreed. "When you can confidentially compare your data against your peers, it uncovers opportunities to improve efficiencies," he said.

New for 2011 were analyses of some key production metrics:

·         Average square feet of granite and quartz fabricated weekly

·         Yearly total production (square feet)

·         Templating method identification

·         Bridge saw vs. CNC use

·         Production tracking methods

 

Like its predecessors in 2007, 2009 and 2010, the report provides one of the most comprehensive set of benchmarks available on financial performance in the natural stone fabrication industry to date. The report is designed to provide fabrication shops with a tool to evaluate existing financial performance and to identify new ways to create improvement.

The 24-page report is organized in the following sections, each designed to assist managers in specific areas of inquiry:

Executive Summary -- An overview of study results including a graphical presentation of key results.

Detailed Results -- An in-depth analysis of return on investment, the income statement, the balance sheet, and financial and productivity ratios.

Customer Emphasis -- Firms were analyzed by concentration of sales to selected customer groups.

Trends -- An examination of changes in performance over time for key results and ratios.

Ratio Calculation -- A summary of ratio calculations and supporting commentary.

 

As in previous years, MIA contracted with Profit Planning Group, the well regarded association profitability and compensation analysis firm. Participants' proprietary financial data was kept strictly confidential.

The survey results and final reports were provided at no additional cost to those firms that participated in the study. The Performance Analysis Report is now available to firms that did not participate in the survey through the MIA bookstore at www.marble-institute.com/store/(click on the "Business Management & Industry Resources" tab). MIA members' price is $199.00 U.S. (non-members $349.00)

Did you enjoy this article? Click here to subscribe to Stone World 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

November 2013 Stone Products Gallery

Take a look at some of the latest stone industry products.

Stone World Magazine

April 2014 stone world cover

2014 April

In this month's issue of Stone World, check out an extensive preview of Coverings 2014, which will be celebrating its 25th anniversary in April. Also learn more about various types of limestone that were used to build private residences.

Table Of Contents Subscribe

Contemporary Stone & Tile Design Magazine

CSTD_Spring2014_Cover.jpg

2014 Spring

This issue of Contemporary Stone & Tile Design includes our annual focus on Kitchen and Bath design

Table Of Contents Subscribe

Training Program

How formal is your training program for new employees?
View Results Poll Archive

The Stone World Store

How_To_Polish_&_Restore_Mar.gif
How to Polish & Restore Marble Flooring

This video will show you step-by-step how to resurface and polish marble flooring from grinding and removing lippage and scratches to achieving a highly reflective polish.

More Products

Italian Trade Commission Coverings exhibitor preview

Italian Trade Commission logo 2

The Italian Trade Commission is presenting a large group of the most innovative and internationally renowned Italian suppliers of dimensional natural stones. We hope your busy schedule will allow you to join us for a “genuine” espresso in booth N. 4045 and explore the exciting Italian natural stone resources offered by our exhibitors. Check out Italian stone producers exhibiting at Coverings 2014 here!

  

Stone Industry Education

stone industry educationStone Industry Education is sponsored by Stone World Magazine and Marble Institute of America. The SIE events will help you: strengthen your skills, build your business, and  increase profit in your shop.  Check out stoneindustryeducation.com to register for upcoming fabricator and installer seminars.

STAY CONNECTED

facebook logo Twitter  YouTube